It was another great week for us at SPX Option Trader! We ended this past week with +148% ROI in our SPX Daily Outlook, +106% ROI in our SPY Daily Outlook, +256% ROI in our SPX Aggressive trader, +231% ROI in our SPY Aggressive trader, -188% ROI in our Late Day Trader, and +7% ROM in our SPX Spread Trader.

Successful day trading requires two key elements: a reliable, time-tested strategy and the discipline to follow it daily. At SPX Option Trader, we equip our members with winning strategies that deliver results. However, discipline is a personal skill every trader must cultivate.

This week highlighted the power of consistency, as sticking to our strategies led to notable gains. Our approach is simple—start each day fresh and confident in the effectiveness of our indicators and methods. While losses are inevitable, staying consistent ensures that our wins outweigh the drawdowns over time.

As we head into next week, please note the abbreviated trading schedule due to the Thanksgiving holiday. The market will be closed on Thursday, and Friday will feature a shortened trading session. At SPX Option Trader, we do not trade on half days, so there will be no trading on Thursday or Friday next week.

Stay disciplined and consistent, and let SPX Option Trader guide you to success! Below are our comments for each trading day of the past week.

11/18/2024

Daily Outlook

We forecast an up day in the market and entered our positions at 9:35 a.m. The market went in our forecast direction and hit nearly +40% within 5 minutes. We started using about a 40% trailing stop, to give it room to continue to run but also protect ourselves if it reversed direction. The run stalled at the daily target level, and we were watching it closely. As it started to pull back, we exited our positions just after 9:45 a.m. for +5% in SPX and +1% in SPY. That reversal took us out, just before the market ran in our forecast direction. That happens from time to time, greater profit was possible for those willing to give it more room here, and we were able to capture some of that move in the Aggressive Trader. Another profitable day and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions at 9:35 a.m. We adjusted our stop level as the market moved and exited our positions just before 11:30 a.m. for +180% in SPX and +187% in SPY.  Another profitable day and we look forward to what tomorrow will bring!

Spread Trader

We held our SPX Spread Trader position to the close for +44% ROM.   Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

We entered a call option position just after 3:10 p.m.  The market bounced around, but then reversed quickly on us. We held our positions to the close for -100%. While it is never enjoyable to take such a loss, it is not unusual for our Late Day Strategy. When we take a loss, it is most often a large one. Remember this is a highly aggressive and speculative strategy. Just didn’t go our way, so we shake it off and look forward to tomorrow.

11/19/2024

Daily Outlook

We forecast a down day in the market and entered our positions at 9:35 a.m. The market bounced around and then started to go in our forecast direction. As we hit nearly +40% in our option position we started using about a 30% trailing stop. After hitting +45% in our SPY option position, the market started to reverse rather quickly on us and as rallied we exited our positions just after 9:50 a.m. for +11% in SPX and +16% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast a down day in the market and entered our positions at 9:35 a.m. We adjusted our stop level as the market moved and exited our positions just before 10:15 a.m. for -35% in SPX and 30% in SPY.  Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Spread Trader

We held our SPX Spread Trader position to the close for -58% ROM.   Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Late Day Trader

We entered a put option position just after 2:15 p.m.  The market bounced around, but then started to drop quickly. As we hit nearly +270% in profit we started using about a 50% trailing stop due to the volatility of the day so far. As the market quickly started to bounce, we exited our position just after 2:35 p.m. for a nice gain of +213%. A very nice profitable day, and we look forward to what tomorrow will bring!

11/20/2024

Daily Outlook

We forecast a down day in the market and entered our positions before 9:35 a.m. The market quickly ran in our forecast direction and as we hit over +100% in our option position we started using about a 20% trailing stop. The market bounced and as it did, we exited our positions just before 9:40 a.m. for +83% in SPX and +47% in SPY.  A very fast and profitable day for us! So, we look forward to what tomorrow will bring!

Aggressive Trader

We forecast a down day in the market and entered our positions before 9:35 a.m. We adjusted our stop level as the market moved and exited our positions just before 9:45 a.m. for +95% in SPX and +58% in SPY.  Another profitable day and we look forward to what tomorrow will bring!

Spread Trader

We exited our SPX Spread Trade early for a return +24% ROM.  Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

We entered a put option position just after 1:40 p.m.  We held our positions until the close, resulting in a -100% loss. While taking a loss is never ideal, it’s a normal part of our Late Day Strategy. This approach is highly aggressive and speculative, so larger losses can happen. Today simply didn’t go our way, but we’re staying positive and ready to tackle tomorrow with renewed focus and determination.

11/21/2024

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

Due to market conditions, there was no trade for us today.

Late Day Trader

We entered a call option position just after 3 p.m.  We held our positions until the close, resulting in a -100% loss. While taking a loss is never enjoyable, it’s a part of day trading. This approach is highly aggressive and speculative, so larger losses do happen. Today just didn’t go our way, so we shake it off and look forward to what tomorrow may bring!

11/22/2024

Daily Outlook

We forecast an up day in the market and entered our positions before 9:35 a.m. The market quickly ran in our forecast direction and as we hit over +50% in our option position we started using about a 25% trailing stop. The market pulled back and as it did, we exited our positions just before 9:50 a.m. for +49% in SPX and +42% in SPY.  Another profitable day and we look forward to what next week will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions before 9:35 a.m. We adjusted our stop level as the market moved and exited our positions just after 9:50 a.m. for +16% in SPX and +17% in SPY.  Another profitable day and we look forward to what next week will bring!

Spread Trader

We exited our SPX Spread Trade early for a return -3% ROM.  Basically, a flat day for us and we look forward to what next will bring!

Late Day Trader

We entered a call option position just after 1:10 p.m.  We held our positions until the close, resulting in a -100% loss. While taking a loss is never enjoyable, it’s a part of day trading. This approach is highly aggressive and speculative, so larger losses do happen. Today just didn’t go our way, so we shake it off and look forward to what next week will bring!